BACCHUS PRIME CENTRAL PACKAGE: INVEST. OCCUPY. DEVELOP. 6.9% Plus Yield! - Under Offer
POINT OF INTEREST:
Commercial in theory, but multi-use to its core — this beautiful home with two industrial properties is made even better by its address. And then there’s the potential.
The site size is a staggering 1,628 sqm* within the heart of Bacchus Marsh’s retail and hospitality hub, directly across the road from the major shopping centre. And how convenient, when the total frontage here stretches to 47 m* to cater to a range of development outcomes. With its commercial 1 zoning and being a single title, the site is ripe for a new life that no doubt would benefit a retail / showroom / medical build to piggyback off its much larger neighbour directly across the road – “The Village” Bacchus Marsh Shopping Centre.
The industrial assets at numbers 2 and 4 are classic warehouse setups with roller doors and storage aplenty. KFT Fitness occupies number 2 and a small part of 4, paying $50,124.60 per annum. Coming home to number 6, this 3-bedroom and 1-bathroom abode has a study that could double as a fourth bedroom. Recent upgrades make this home worth the move — with polished floorboards, new carpet and built-in robes throughout the bedrooms, a separate dining room, gas central heating, and Miele and Westinghouse kitchen appliances.
Just off of Main Street — the Bacchus Marsh retail and hospitality anchor point — this multi-faceted package has all of the traffic and none of the premiums that come with a high street address. Across the road, you’ll find the likes of Coles, ALDI, Anytime Fitness, Australia Post, and Bakers Delight, amongst other beloved local traders. The 483 bus runs along here, but a drive to Bacchus Marsh railway station 1.5 km* away will get you into Melbourne CBD. The same could be said for the Western Freeway, the main arterial sitting 1.3 km* away taking you central within an hour.
- Total land area: 1,628 sqm*
- Commercial 1 Zoning and 1 title for future development (STCA)
- 2 Young Street industrial shed: 330 sqm*. Currently leased to Mrs Kavalyn Raferty TA KFT Kavs Functional Training Studio.at $50,124.60 per annum.
- 4 Young Street industrial shed: 481 sqm*. 60sqm* leased to KFT, 421sqm* available for lease
- 6 Young Street 3-bed, 1-bath, 2-car home – vacant possession.
- Total anticipated fully lease income: $125,000 - $133,000 per annum.
- 1.3 km* to the Western Freeway.
POINT OF VIEW:
- 47 m* of frontage to the best of Bacchus, and a silver platter of purchasing options.
- Develop - The site position in front of the shopping centre and just off Main Street makes this package prime for a medical, showroom, or retail sensation — and so does the zoning.
- Occupy - In more ways than one. Live in the beautiful home, do business next door, and generate income from continuing the lease at number 2.
- Invest - Three buildings that can be leased in a flash. Maximise your income over the next five years with three tenancies, then get your ducks in a row to develop something entirely new.
*Approx.
Pricing excludes GST
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